SME-focused online recruitment platform Zwayam raises $250K
Summary
Ltd, which runs an online recruitment platform targeting small and medium businesses under the same brand name, has raised $250,000 (around Rs 1.7 crore) in seed investment from a bunch of unnamed angel investors. The startup plans to use the capital raised to expand its services to other cities in India and to international markets, starting with Southeast Asia and Middle East. The cloud-based SaaS solution is offered on a subscription-based model wherein customers can start free and upgrade to paying modes based on the number of active jobs and value-added services they access. Ltd, which runs an online recruitment marketplace for blue-collar workers, raised $5 million (around Rs 34 crore) in Series A funding from Aspada Advisors, IDG Ventures and Inventus Capital in February this year. Bangalore-based recruitment startup Belong.co had raised $5 million (Rs 32 crore) in a Series A round of funding led by Matrix Partners along with Snapdeal co-founders Kunal Bahl and Rohit Bansal in June last year.
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